Global Annatto Market Size, Competitive Landscape, Regional Outlook, and Driving Factors Analysis (2 (Business Opportunities - Marketing & Sales)
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Item ID 3792674 in Category: Business Opportunities - Marketing & Sales
Global Annatto Market Size, Competitive Landscape, Regional Outlook, and Driving Factors Analysis (2 | |
The Global Annatto Market size was valued at USD 234.6 Million in 2023 and is projected to reach USD 354.4 Million by 2030, growing at a CAGR of 5.30% from 2023 to 2030. The global annatto market is witnessing significant growth driven by the increasing consumer preference for natural food colorants and flavor enhancers. Annatto, a natural pigment derived from the seeds of the Bixa orellana plant, has gained popularity in the food industry due to its vibrant color and mild, slightly peppery flavor. It is widely used as a coloring agent and flavor enhancer in various food and beverage products. Annatto's versatility, coupled with the growing demand for clean-label and natural ingredients, has propelled the market forward. | |
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| Target Prov.: All Provinces Target City : usa Last Update : Dec 27, 2023 3:18 AM Number of Views: 29 | Item Owner : akshay patil Contact Email: Contact Phone: (None) |
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2024-05-06 (0.401 sec)